Manhattan Bridge Capital, Inc. Increases Its Revolving Line of Credit to $5 Million

Published 8:00 AM ET Mon, 4 Feb 2013
Globe Newswire

LONG ISLAND, N.Y., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) announced today that its Revolving Line of Credit with Sterling National Bank was increased to up to $5 million, $1.5 million more than the previous limit. The terms of the increased line are similar to the terms of the original line established on May 2, 2012.

Assaf Ran, Chairman of the Board and CEO stated, "This increase is excellent news for the Company. It will allow us to continue our solid and consistent growth."

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